Akron, OH (February 3, 2017) – Jennifer Fernandez, CCIM, SIOR brokered a land sale between seller BMB Northampton, Ltd. and buyer Universal Development. The property, which transferred today, includes approximately 78 acres of land on Gilbert Road in Stow, Ohio, near the Stow Walmart. Universal Development plans to build a 220-unit development of condominium units for sale.
A representative for Universal Development says the company’s investment will be "well in excess of $20 million" over the next four to five years. The complex will be completed in phases and will consist of 55 four-condominium buildings, including 41 one-story buildings and 14 two-story buildings, with units ranging between about 1,500 and 1,600 square feet in size. The complex will retain extensive green space including walking paths and a dog park and will include a clubhouse for residents’ use.
NAI Cummins (www.naicummins.com) has 10 highly trained sales associates who exemplify excellence in the real estate sector. With more than 210 years of combined experience, our agents have experience in every aspect of industrial, commercial, retail, and land brokerage including consulting in corporate services and investment sales and acquisitions in the Greater Akron area. NAI Cummins is the Akron area affiliate of NAI Global, and has been a part of the NAI Global network for over 25 years. NAI Global is an international real estate services organization with the institutional strength of one of the world’s leading property investment companies.